You have the following information about long-run total cost for the following firms: a. Do any of
Question:
a. Do any of these firms experience constant returns to scale? How do you know?
b. Do any of these firms experience diseconomics of scale? How do you know?
c. Do any of these firms experience economics of scale? How do youknow?
Transcribed Image Text:
Arnold's Belle's Bananas LRTC Cam's Cantaloupes LRTC Quantity Apples LRTC 140 160 180 68 98 132 170 212 258 168 288 357 240
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
a Arnolds Apples experiences constant returns to scale over it...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
You have the following information about good X and good Y: Income elasticity of demand for good X: 3 Cross-price elasticity of demand for good X with respect to the price of good Y: 2 Would an...
-
You have the following information about Burgundy Basins, a sink manufacturer. Burgundy is contemplating what for the company is an average-risk investment costing $40 million and promising an annual...
-
You have the following information about a company. Sales in 2019 were 2000 million. Sales are expected to grow at a rate of 15% in 2020, and afterwards the growth rate will drop to 3%. EBIT margin...
-
A UK company has a trading loss of 50,000 for the year to 31 March 2021. During the year, the company receives overseas property income (net of 40% withholding tax) of 12,000. Show the corporation...
-
When Bahalia Book case Company operates at a production and sales level of 2,000 units, the estimated unit costs are as follows: Cost ItemEstimated Unit Cost Lumber...
-
What does liquidity measure? Explain the trade-off a firm faces between high liquidity and low liquidity levels.
-
The following sample data were collected to determine the relationship between processing variables and the current gain of a transistor in the integrated circuit: Fit a regression plane and use its...
-
Perform assignment 7 using the law from your state. Assignment 7 In the following exercise, the assignment is to prepare a trial court brief. The assignment contains the memo from the supervising...
-
Need help expanding the questions below. State of Ohio's position on the ban? What legislation if any supports or opposes the ban and or tries to protect smokers in the workplace? How smoking in...
-
Hemming uses a perpetual inventory system. 1. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. 2. Determine the costs assigned to ending inventory and to cost of...
-
Buffalo Bill has a potato chip company, Buffalos chips. He is currently losing money on every bag of chips he sells. Mrs. Bill, who has just completed an economics class, tells Buffalo Bill he could...
-
Refer to the cost curve in the following exhibit: a. What is the lowest level of output at which the efficient scale of production is reached in the long run? b. In the short run described by SRATC,...
-
What is the color of the peak frequency of solar radiation?
-
As of the late 1990's (post KM's death), how well has corporate management succeeded in propagating KM's approach to innovation beyond the Japanese culture? Give specific examples of successes and/or...
-
Prepare the journal entries for the following transactions: Clearly indicate what is a DR and what is a CR. When identifying the account, put in brackets an (A) for an asset, (L) for liability, and...
-
An Insurance company that insures cars figured the distribution of individual claims for year 2008 as follows: Pr[X=2000]=2*Pr[X=4000]=3*Pr[X=6000] . The company has a supreme cover limit in claims...
-
BS Ltd provides consultancy services to small and medium sized businesses. Three types of consultants are employed offering administrative, data processing and marketing advice respectively. The...
-
(a)What drives the development of transportation routes and technology? (b)What economic or social development is driven by transportation developments?
-
If possible, completely factor the expressions in Problems 336. 6y - 7y + 1
-
What are the risks and liability factors in an audit? What are the implications to the auditor? What are the implications to the organization? How can the auditor mitigate these risks and liability...
-
Prior to 2005, it seemed like house prices always rose and never fell. This has also been the case from mid-2012 through mid2018. When the demand for housing increases, prices in the housing market...
-
Why is there less graffiti in your bathroom than in a public restroom?
-
Why does the free-rider problem arise in the case of public goods?
-
How do command and control policies act to internalize external costs?
-
Explain possible advantages and disadvantages of PSL's current international trading strategy (subsidiary in China, export & import and online presence).
-
In November 2020 you entered into four May 2021 long futures contracts for crude oil (1,000 barrels per contract) for $65.00 per barrel. If the futures price was $70.00 per barrel on December 31,...
-
4) Champagne, Inc., had revenues of $13 million, cash operating expenses of $9 million, and depreciation and amortization of $2 million during 2008. The firm purchased $650,000 of equipment during...
Study smarter with the SolutionInn App